The EUR/CHF pair is currently range-bound, as it is near the 90-day average and situated in the middle of the three-month range.
Key drivers:
- The European Central Bank (ECB) is expected to maintain a neutral policy stance, while the Swiss National Bank keeps interest rates at 0%, contributing to a stable outlook for both currencies.
- Oil prices have experienced volatility, currently being above average; as oil prices impact economic conditions, they may indirectly affect European and Swiss economic performance.
- The Eurozone's economic growth forecast suggests a resilient recovery, potentially limiting upward pressure on the Swiss franc.
Range: The pair is likely to hold within its recent range, with minor fluctuations expected rather than drastic changes.
What could change it:
- An upward shift could occur if Eurozone economic data surprises positively, boosting the euro.
- A downward shift may happen if further tariffs on Swiss exports are introduced or if geopolitical tensions escalate, negatively impacting the Swiss franc.
